• Stable & Resilient Banking System • Highly Liquidity Levels • High Profitability & Risk Management • Significant International Presence
The economic reforms implemented since 2004 have greatly boosted the health of banks and financial institutions in Georgia. Banking is now a major economic forces and one of the fastest growing sectors in Georgia. This sector has gained strength and stability in several areas, including: capital adequacy, profitability, asset quality and risk management.
Liberal regulations have made commercial and investment banking, insurance, credit cards and securitization attractive areas of investment. This sector s development has led to diversification of loans and the lowering of interest rates, further stimulating investment opportunities.
Key Commercial Banking Statistics:
• Aggregate Loan Portfolio: GEL 4.8 Billion • Aggregate Equity Capital: GEL 1.5 Billion • Aggregate Gross Revenues (Q1 2010): GEL 333.6 Million • Aggregate Net Profits (Q1 2010): GEL 15.3 Million
INTERNATIONAL PRESENCE
Georgia s financial services sector has proven to be resilient despite the global financial crisis and brief periods of political instability. The presence of international commercial banks and investors has provided Georgia with additional strength and integration into the global financial market.
Currently, there are commercial banks operating in Georgia from the UK, Germany, France, Greece, Turkey, Azerbaijan, Kazakhstan, Russia. The share of foreign capital in Georgian banks is approximately 77.4%.
